According to Forbes, cement tycoon, Aliko Dangote is still the richest Black person in the world with a fortune estimated at $10.9bn. He’s closely followed by Nigerian oil and telecoms mogul, Mike Adenuga, with $9.1bn.

Nigerian businessman, Abdulsamad Rabiu, also made a return to the club after he last featured in 2014.

Forbes reported that Rabiu merged his privately owned Kalambaina Cement Company with listed firm, Cement Co. of Northern Nigeria, which he controlled in December 2018.

This merger meant that Rabiu owned 90 per cent of the new, larger company with a market capitalisation of more than $800m. He’s currently worth $1.6bn.

For oil magnet, Alakija, her $1.1bn wealth comes from her company which owns a substantial participating interest in OML 127, a lucrative oil block on the Agbami deep-water oilfield in Nigeria.